breaking through the current political environment. >> i think basically now, gwen, there are three sticking points. one is the amount of revenue and the sources of revenue. the second is the amount of spending cuts and how much of that will come from the entitlement programs particularly health. the last sticking point is what do we do about this debt limit that we've come up against all the time that puts our credit in danger. >> ifill: the president has said the debt limit should be, at least in his opening statement, that the debt limit debate should be set aside and that nothing can be done unless the taxes are cut... are raised for the wealthy. is that part of a solution that you can see working for what it is everybody is trying to get to here? >> look, gwen, i'm not a bit worried that it appears on the surface that secretary geithner ton the speaker didn't make any progress last week. that's just a theater you go through. geithner made his first offer. the republicans rejected it. no surprise. i'm sure that this offer that the speaker has made today, the democrats will rejec
that environment. you're seeing citi, in fact, address those concerns in the layoff announcement today. >> ifill: what does that tell bus the health of the banking sector and whether other big banking institution might be following suit? >> citigroup is not as mump an indicator species as i think people would want it to be. 15 years ago, it was the financial supermarket. it rolled everything together. it's one-stop shopping, and that mold has been called into question, not least by the architect of this model, sandy wiel, saying we should break up the big banks. gwen, i think it tells us more about the end of the era of kind of this force conglomeration of bank where's bigger is naturally better. you have seen, obviously, too big to fail banks become too bigger to fail, such as j.p.morgan, or wells fargo which bought wachovia. but there are others who find they can't hit their stride with the asset they say accummed a decade ago. >> ifill: what we're watching happening at citigroup. does that make them an outlier or a sign of things to come? >> i think it's a little bit of both.
, especially in this environment, to be honest. >> suarez: representative, you just heard the senator lay out why time is of the essence. is time also of the essence in a political sense? do you have to do this in calendar 13 before the congress gets caught up in the midterms for 2014? >> look, tomorrow, the next session, the next month, the next term, those aren't words. it's now. the latino community spoke clearly and eloquently and forcefully and in a unified fashion across this nation. and i say to my colleagues in the republican party it is time that we listen to the electorate. and they spoke very clearly. look, a couple of things just very quickly: everyday we deport a thousand people. that's 30,000 a month. let me just make it clear: tens of thousands of people are going to be deported this year who have american citizen children. they can't wait for piecemeal. we have a stem industry that needs workers today. think about all this talk about uncertainty and uncertainty and how that has an impact, a negative impact on our economy. let's take the uncertainty away from 12 million
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